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labor contract (Lazear 1990). We give empirical content to this proposition by estimating the effects of EPL on entry wages … of the reform on entry wages and a decrease of the returns to tenure by around 20% in the first year and by 8% over the …
Persistent link: https://www.econbiz.de/10003540033
labor contract (Lazear 1990). We give empirical content to this proposition by estimating the effects of EPL on entry wages … of the reform on entry wages and a decrease of the returns to tenure by around 20% in the first year and by 8% over the …
Persistent link: https://www.econbiz.de/10003507054
spells and (ii) reduced reemployment wages. Although full insurance requires both unemployment benefits and wage insurance … and in combination, introduce potentially serious contracting concerns. Economic theory provides a practical guide to the …
Persistent link: https://www.econbiz.de/10011455569
This paper is a quantitative, equilibrium study of the insurance role of severance pay when workers face displacement risk and markets are incomplete. A key feature of our model is that, in line with an established empirical literature, job displacement entails a persistent fall in earnings upon...
Persistent link: https://www.econbiz.de/10011458292
This paper is a quantitative, equilibrium study of the insurance role of severance pay when workers face displacement risk and markets are incomplete. A key feature of our model is that, in line with an established empirical literature, job displacement entails a persistent fall in earnings upon...
Persistent link: https://www.econbiz.de/10010468319
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